FxWirePro: Aussie marginally lower after RBA’s meeting minutes
Tuesday, November 15, 2016 1:18 AM UTC
- AUD/NZD is currently trading around 1.0615 marks.
- Pair made intraday high at 1.0625 and low at 1.0599 marks.
- Intraday bias remains bullish till the time pair holds immediate support at 1.0560 marks.
- A sustained close above 1.0658 will drag the parity higher towards key resistances at 1.0751/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) /1.1123/1.1298/1.1317 levels respectively.
- Alternatively, a consistent close below 1.0560 will take the parity down towards key supports around 1.0446, 1.0333, 1.0237, 1.0184, 1.0109 and 1.0053 marks respectively.
- RBA minutes: Underlying inflation expected to return to normal levels over time.
- RBA minutes: Economy seen growing close to potential next few quarters, before picking up further.
- RBA minutes repeats a rising A$ could complicate the economic transition.
- RBA minutes: Expected jobless rate to edge down, but underemployment still elevated.
- RBA minutes: Steadier china economy had reduced downside risks to global growth outlook.
- RBA minutes: Risks to global inflation outlook more balanced than for some time.